I exited last year with i/o seller financing.   

You're asking for the bank for a "freebie" at their expense, which is really at everybody else's expense because the banks make up for their losses by raising fees and interest rates.Is your parent's home large enough so that they can rent out a room to somebody?

Can i purchase land and offset the mortgage payment against it as passive loss and wait for real estate prices to go up and hold the property.

My father rented a 6 bedroom, 3 bath home to 10 people before he passed away last year for 3,100/month.

Hello BiggerPockets community,I'm having some confusion with standard practice for 'First, last, deposit' collection in the scenario that the first month will be prorated.Say for instance: My property has a rent of $1000 monthly with a deposit of one month's rent ($1000), and a targeted lease start of the 15th.Given that rent will be due on the first of every month, what is the amount which should be collected for the initial 'First, last, deposit'?

The location is growing and its the safest city in that entire county. home-ownership rate is very high like 85% most of the homes were built in the last 24-36 months.

Also I am in Hays county in Texas.Pre-foreclosure is the time between your notice of default and the loss of of the property.The terms are interchangeable as someone will say they are in foreclosure, which others call pre-foreclosure.

So, after paying off the mortgage,  would net $58k (and wouldn't pay capital gains taxes as I have so many losses from previous years).

So, I got 9 new investors into their first ever loan last year and the two caveats I have are credit and capital. 

Last but most importantly, I would love to start building a team and connect with Realtors, Property manages and investors, appreciate recommendations!